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Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,050-8,150 per tonne on Friday October 13, unchanged from Wednesday’s pricing session, when the prices had also remained stable.
Trioxide grade antimony prices in-warehouse Rotterdam were assessed at $8,150-8,250 per tonne, unchanged from Wednesday and the previous Friday.
“It’s difficult to get prompt material right now, shipment via Vietnam is still difficult but prices are not doing much,” a trader said. “There is less material in Rotterdam and we might see some tightness soon.”
“Chinese offers are not going down, prices are just not doing anything at the moment,” a second trader said.
“I don’t think prices will go down further unless Chinese prices move down. We’re in a period of some stability, which is nice for a change,” a consumer said.
“I’m happy to do small lots for now here and there and other traders seem to be happy to do that,” the second trader said.
The antimony market in China was also quiet over the past week after participants returned from the week-long National Day holidays (October 2-8) and both suppliers and buyers watched the market with thin deals in the spot market.
Metal Bulletin assessed China’s MMTA standard grade II antimony prices at 52,000-53,000 yuan ($7,908-8,055) per tonne on Friday October 13, unchanged from before the national holiday.
“We are planning to purchase a batch of antimony 99.85% min [usually 500-800 yuan higher than MMTA standard grade II] at 52,000 yuan [per tonne] and are looking for available suppliers,” a consumer told Metal Bulletin.
“I am quoting 52,500 yuan for my antimony 99.8% min now and have not received enquiries this week,” a Yunnan-based producer, who always sells his antimony 99.8% min at the same price as MMTA standard grade II (99.65%), said.
“VAT prices of MMTA standard grade II antimony this week are roughly stable with levels before Golden Week, but ex-VAT prices rose 500-800 yuan over the past few days,” a Lengshuijiang-based source said.
“But, demand is still weak and market direction will be clearer next week when all market participants come back from the holidays,” the above source added.